Getting started

Using BitLooper,
the safe way.

BitLooper is different from the money you use every day, and from most crypto. A few minutes here will save you from the mistakes people make most often.

1. Inform yourself

BitLooper is a digital currency run by a network of independent computers, not by a bank or a company. Nobody can print more than 100 million coins, and nobody can freeze your account.

How it works

Your wallet holds a secret key. When you pay, the wallet signs the payment with it. Validators around the world check the signature and your balance, agree on the order of payments, and the payment is final in about 2 seconds.

What's different

Its signatures are post-quantum, so they stay secure after quantum computers arrive. And safety is part of the network: payments above your daily limit can be delayed and cancelled, lost keys can be recovered by guardians, and heirs can inherit.

Read the research paper →

2. Choose your wallet

A wallet holds your keys and talks to the network. Pick one that fits how you'll use BitLooper.

Web wallet

Runs in your browser. Keys are created on your device, encrypted with your password, and never sent anywhere. Best for trying BitLooper on the testnet.

Available on testnet

Command-line wallet

The bitlooper program: every feature, including vaults, guardians, heirs and sponsored payments. For technical users and node operators.

Available on testnet

Phone wallet

A mobile app with local-currency display, alerts for pending actions, and one-tap guardian recovery.

Planned

Hardware signer

A dedicated device that keeps keys offline. Recommended for your cancel key and for large amounts.

Planned

3. Get BitLooper

On the testnet, coins are free from the faucet. BitLooper is never sold by the project: there is no presale and no ICO.

Ways to get BitLooper →

4. Secure your wallet

In most crypto, security is entirely up to you. BitLooper gives you tools that the network itself enforces. Use them.

  1. Back up your key

    Download your key file and keep an encrypted copy somewhere other than your phone or laptop.

  2. Create an offline cancel key

    A second key, kept on paper or a USB stick in a drawer. It can cancel any delayed payment or unwanted recovery.

  3. Turn on the vault

    Choose a daily limit. Anything larger waits 24 hours and can be cancelled, so a stolen phone or a scam can't empty your account.

  4. Name guardians

    Three people you trust, who don't all know each other. Two of them can restore your account if you lose your key.

  5. Name heirs

    If your account is silent for a year, your coins go to the people you choose.

Today these are set with the command-line wallet: see the guide. Web wallet support is coming.

5. Send and receive

Receiving

Share your address (66 characters, starting with 01). It never changes, even if you later replace your key through recovery.

Sending

Paste the recipient's address, check it carefully, and confirm. Your first payment is a little larger because it publishes your public key once.

Things you need to know

BitLooper works differently from a bank. These are the points people most often get wrong.

BitLooper is experimental

The BitLooper blockchain is a testnet prototype. It hasn't been audited, and its coins have no value. Never send real money to anyone for "BitLooper" before mainnet.

The price can go down

A fixed supply protects against printing, not against the market. The price of any currency can fall. Only hold what you can afford to lose.

Payments are final unless you set a vault

Without a vault, a confirmed payment cannot be reversed by anyone. With a vault, only payments above your limit can be delayed and cancelled, and only during the delay.

You are the bank

There is no support line that can reset your password. Your key file, your password, your cancel key and your guardians are your security. Losing the key and all recovery options means losing the coins.

BitLooper is not anonymous

All payments are public on the blockchain, as in Bitcoin. Addresses aren't tied to names, but they can often be linked to you. Private payments are planned, not built.

Beware of scams

Nobody from BitLooper will ever ask for your key, your password or a payment. There is no official sale, token, airdrop sign-up or "investment plan".

Taxes and laws still apply

Depending on where you live, using or holding a digital currency may have tax or legal obligations. Check your local rules.